The company is assuming that the earnings contribution fromconventional power generation will drop by 80% by 2020. This is to be fullyoffset by strong growth in the areas of renewable energies (250%), gridinfrastructure (25%) and the decentralised sales business (100%).

Like other German utilities, EnBW’s profits are breakingaway as its fossil power generation is increasingly loss making as renewableenergies are pushing more expensive energy sources such as gas out of wholesaleelectricity markets.

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